2021-04-30T13:10:28-05:00 2020-06-30 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2019-07-01 520591625 THE PARK SCHOOL OF BALTIMORE PARK 4103397070 2425 OLD COURT ROAD BALTIMORE MD 21208 JOAN WEBBER DIRECTOR OF FINANCE 4103397070 2021-04-27 1 ELISABETH J DEMBECK P01062953 4107275735 2019 2022-09-23 18:48:47Z JOAN WEBBER 2425 OLD COURT ROAD BALTIMORE MD 21208 47755417 0 X WWW.PARKSCHOOL.NET X 1940 MD TO PROVIDE EDUCATION TO STUDENTS FROM PRE-KINDERGARTEN THROUGH TWELFTH GRADE. 31 30 464 1000 -30 -30 2742496 4680018 26531740 26735745 1550266 593878 415711 104488 31240213 32114129 7672839 8177443 0 0 16498759 16725746 0 0 1029579 6789960 6863118 30961558 31766307 278655 347822 75803811 78513590 15514796 17193304 60289015 61320286 X DEVOTED TO INTELLECTUAL INQUIRY, A COLLABORATIVE SPIRIT OF LEARNING, AND AN APPRECIATION FOR THE DIVERSITY OF HUMAN EXPERIENCE, THE PARK SCHOOL OF BALTIMORE IS A COMMUNITY FOUNDED ON POSITIVE EXPECTATIONS OF OUR STUDENTS AND RESPECT FOR INDIVIDUAL DIFFERENCES. WE CULTIVATE CHILDREN'S INNATE CURIOSITY BY NURTURING THEIR INTERESTS AND ENGAGING THEM AS ACTIVE PARTICIPANTS IN THEIR OWN EDUCATION. WE SUPPORT YOUNG PEOPLE IN BECOMING CONFIDENT QUESTIONERS AND RESPONSIBLE CITIZENS OF THE WORLD. 0 0 21068085 8177443 25411939 INSTRUCTION & OTHER ACADEMIC PROGRAM EXPENSES - GENERAL OPERATION OF THE SCHOOL; PROVIDING BASIC EDUCATION FOR GRADES KINDERGARTEN THROUGH TWELVE. 1544907 1334822 AUXILIARY PROGRAMS & SPECIAL ACTIVITIES - EXPENSES ASSOCIATED WITH PROVIDING SUMMER CAMP, EXTENDED DAY, AND SPECIAL PROGRAMS FOR THE BENEFIT OF THE STUDENTS. 22612992 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 62 0 1 464 1 0 0 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MD X X JOAN WEBBER 4103394161 2425 OLD COURT ROAD BALTIMORE MD 21208 AMY MILLIN VICE PRESIDENT-BOARD OF TRUSTEES 1.00 X X 0 0 0 ANDREW FOSTER CONNORS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 BRAD MENDELSON MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DANESHA BALL MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 DANIEL HIRSCHHORN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 ELISABETH SACHS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 ELIZABETH BERNER PRESIDENT-BOARD OF TRUSTEES 1.00 X X 0 0 0 GEORGIA SMITH MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 GREG WHITE MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JANE FRANKEL SIMS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JEAN WYMAN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JENNIFER LEE MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 JOSEPH SCHAPIRO MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 KAREN SIROTA MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 KEVIN PEARSON MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 LILA SHAPIRO-CYR MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 MATTHEW ROGERS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 MELISSA KAPLAN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 MERETE SERCK-HANSSEN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 NDO OSIAS SECRETARY-BOARD OF TRUSTEE 1.00 X X 0 0 0 NICOLA HELLER MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 PHILIP SACHS MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 RAJ KRISHNAN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 RAMESH MOORTHY MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 REBECCA RABIN MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 REID CURLEY MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 SARAH BAIRD MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 SARAH DAVISON MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 STACEY KUNAR MEMBER-BOARD OF TRUSTEES 1.00 X 0 0 0 TIM PICKERING TREASURER-BOARD OF TRUSTEE 1.00 X X 0 0 0 DANIEL PARADIS HEAD OF SCHOOL 40.00 X 325295 0 50762 JOAN WEBBER DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 196631 0 22520 ADRIENNE PERES ASSOCIATE DIRECTOR OF DEVELOPMENT 40.00 X 108928 0 47254 JOSHUA WOLF MIDDLE SCHOOL PRINCIPAL 40.00 X 111813 0 92219 MALIKA DELANCEY LOWER SCHOOL PRINCIPAL 40.00 X 111045 0 49733 PRISCILLA MORALES ASSOCIATE HEAD OF SCHOOL 40.00 X 140385 0 72320 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 40.00 X 172792 0 58883 1166889 0 393691 7 0 1 0 ECOTONE 129 INDUSTRY LANE FOREST HILL MD 21050 ENVIRONMENTAL CONSULTANT 912754 FLIK-COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 CAFETERIA MANAGEMENT 393272 HORD COPLAN MACHT INC 700 E PRATT STREET SUITE 1200 BALTIMORE MD 21202 ARCHITECTURE & DESIGN 264129 CHRISTAR INC 2335 WILLOW VALE DRIVE FALLSTON MD 21047 CLEANING 157748 4 7294 4672724 341927 4680018 TUITION & FEES 611600 25411939 25411939 SUMMER CAMP 611600 447073 447073 CAFETERIA 722210 345598 345598 EXTENDED DAY 611600 232628 232628 OTHER PROGRAM SERVICES 611600 207514 207514 90993 90993 26735745 1373150 1373150 139492 53418 86074 86074 86074 14702224 15476913 4583 -774689 -4583 -779272 -779272 113802 106374 7428 7428 MISCELLANEOUS 611600 11016 11016 OTHER INVESTMENT INCOME 525990 -30 -30 10986 32114129 26746761 -30 687380 8177443 8177443 646564 453124 155008 38432 13286142 9311168 3185241 789733 777779 535115 192979 49685 1006887 601892 366962 38033 1008374 718812 230961 58601 58865 58865 29800 29800 146148 146148 13635 13635 136181 6476 129705 116290 12295 89400 14595 148780 1632 147148 312452 312452 2464 2464 344614 344614 1581700 1581700 135810 135810 EVENTS & ACTIVITIES 1486609 1446109 40500 REPAIRS & MAINTENANCE 556535 556535 EDUCATION/EXTENDED DAY 533068 533068 CAFETERIA & BUSINESS OP 422658 422658 837509 393200 444309 31766307 22612992 8123736 1029579 73916 3091144 6665733 7167258 273141 291766 399540 436710 130000 100000 45866 58553 22057 31558 570492 361308 42012273 19131265 23442694 22881008 34676211 34495999 9367788 9465953 136373 132333 75803811 78513590 1923365 1635655 3421428 2659212 9515755 9012218 6735 1475 0 3017200 647513 867544 15514796 17193304 X 27548992 27788752 32740023 33531534 60289015 61320286 75803811 78513590 X 347822 960981 -277532 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 10 30.00 1 0 42479076 1193939 1318755 1827794 43163976 41869857 599322 1742418 1732521 42479076 37380512 3081083 3085485 1677223 41869857 33396350 1704487 3949195 1669520 37380512 36233844 1211381 -1595057 2443818 33396350 0.24420 0.54470 0.21110 0 0 3645957 3645957 32204503 14598207 17606296 5625290 4533058 1092232 536523 536523 22881008 PRIVATE INVESTMENT FUNDS 9465953 C 9465953 FUNDS HELD FOR STUDENT ORGANIZATIONS 36972 INTEREST RATE SWAP CONTRACT 712937 CAPITAL LEASE OBLIGATION 117635 867544 X 23088872 960981 -9840090 -8879109 31967981 146148 146148 32114129 22057601 0 22057601 146148 9562558 9708706 31766307 PART II, LINE 9: THE EXPENSES ARE CATEGORIZED AS ENGINEERING, PERMITS AND OTHER ASSOCIATED FEES. THERE IS NOT A FOOTNOTE IN THE FINANCIAL STATEMENTS FOR THE CONSERVATION EASEMENTS. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO ALLOW THE SCHOOL TO CONTINUE TO CARRY OUT ITS MISSION OF PROVIDING EXTRAORDINARY EDUCATION FOR ITS STUDENTS. THE ENDOWMENT SUPPORTS CURRENT OPERATIONS AND HELPS SECURE FINANCIAL STABILITY AS THE SCHOOL ENTERS ITS SECOND CENTURY. PART X, LINE 2: THE SCHOOL FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A MORE-LIKELY-THAN-NOT THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS TO STUDENTS -8,177,443. AUXILIARY EXPENSES NETTED WITH INCOME ON FINANCIAL STATEMENTS -1,385,115. UNREALIZED GAIN INTEREST RATE SWAP CONTRACT -277,532. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS TO STUDENTS 8,177,443. AUXILIARY EXPENSES NETTED WITH INCOME ON FINANCIAL STATEMENTS 1,385,115. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATION IS INCLUDED IN THE ANNUAL PUBLICATION OF THE NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS IN ADDITION TO BEING STATED IN ADVERTISEMENTS AND ADMISSION MATERIALS. SCHEDULE E, PART I, LINE 6 THE PARK SCHOOL RECEIVES FEDERAL FUNDS FROM THE E-RATE PROGRAM THAT SUBSIDIZES INTERNET SERVICES. THE AMOUNT OF FUNDING THAT WAS RECEIVED FOR FY 2020 WAS $7,294. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS ONLY 2439656 0 0 0 0 0 0 2439656 0 2439656 0 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 TUITION ASSISTANCE 401 8177443 PART I, LINE 2: FAMILIES RECEIVING FINANCIAL ASSISTANCE MUST GO THROUGH AN EXTENSIVE APPLICATION PROCESS. THEIR FINANCIAL AID AWARD IS DETERMINED BASED ON MULTIPLE FACTORS INCLUDING AMOUNG OTHERS, INCOME, ASSETS, AND LIABILITIES. FAMILIES MUST RE-APPLY FOR EACH SCHOOL YEAR. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DANIEL PARADIS HEAD OF SCHOOL 280295 0 0 0 45000 0 16800 0 33962 0 376057 0 0 0 JOAN WEBBER DIRECTOR OF FINANCE AND OPERATIONS 177631 0 0 0 19000 0 12100 0 10420 0 219151 0 0 0 ADRIENNE PERES ASSOCIATE DIRECTOR OF DEVELOPMENT 108928 0 0 0 0 0 6663 0 40591 0 156182 0 0 0 JOSHUA WOLF MIDDLE SCHOOL PRINCIPAL 111813 0 0 0 0 0 7592 0 84627 0 204032 0 0 0 MALIKA DELANCEY LOWER SCHOOL PRINCIPAL 111045 0 0 0 0 0 6663 0 43070 0 160778 0 0 0 PRISCILLA MORALES ASSOCIATE HEAD OF SCHOOL 140385 0 0 0 0 0 8466 0 63854 0 212705 0 0 0 ROGER SEIDENMAN DIRECTOR OF DEVELOPMENT 172792 0 0 0 0 0 10368 0 48515 0 231675 0 0 0 PART I, LINE 1A DAN PARADIS, HEAD OF SCHOOL, IS THE ONLY EMPLOYEE RECEIVING ANY OF THESE BENEFITS. THESE BENEFITS ARE INCLUDED IN DAN PARADIS'S W-2 TAXABLE COMPENSATION AND ARE PART OF HIS COMPENSATION PACKAGE. PART I, LINE 4B NON-QUALIFIED 457(B) CONTRIBUTIONS FOR DANIEL PARADIS AND JOAN WEBBER FOR $19,000 EACH. A MARYLAND HEALTH AND HIGHER EDUCATION FACILITY 520936091 2018-04-20 10207334 REFUNDING OF 2000 AND 2002 BONDS 0 0 0 A 1087172 10207334 10207334 2011 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SUNTRUST 10.000000000000 0 0 0 0 0 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND HEALTH AND HIGHER EDUCATION FACILITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/20/2018 DANIEL PARADIS HEAD OF SCHOOL HOME RE-MODEL X 130000 100000 0 1 1 100000 CHILD OF TRUSTEE 118940 TUITION ASSISTANCE EDUCATION X 23 341927 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH INCLUDES THE OFFICERS OF THE CORPORATION, REVIEWS THE 990 WITH THE ADMINISTRATION, AND THEN THE 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING BY THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY READ AND SIGN THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE, IF NECESSARY, ANY CONFLICTS THEY HAVE. AT THE BEGINNING OF EACH FISCAL YEAR, ALL SENIOR MANAGEMENT AND ALL COMMITTEE MEMBERS, BOARD OF TRUSTEES OR OTHERWISE, RECEIVE THE CONFLICT OF INTEREST POLICY. THEY ARE GATHERED BY THE HEAD OF SCHOOL'S ASSISTANT TO ASCERTAIN THAT ONE HAS BEEN RECEIVED BY EACH PERSON. THE POLICY PROVIDES A DEFINITION OF A CONFLICT OF INTEREST AND STATES THE INDIVIDUAL'S RESPONSIBILITY FOR DISCLOSING CONFLICTS. GENERALLY, MEMBERS SELF-IDENTIFY IF AND WHEN ONE SHOULD ARISE. IF THEY ARE UNCERTAIN AS TO WHETHER OR NOT A CONFLICT ACTUALLY EXISTS, THEY WILL CONSULT WITH THE COMMITTEE CHAIR OR STAFF MEMBER, OR THEY MAY ASK THE COMMITTEE. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL RECUSES THEMSELVES FROM THE CONVERSATION AS TO NOT INFLUENCE THE DECISIONS OR RECOMMENDATIONS MADE BY THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND SCHOOL COUNSEL TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL. FOR OTHER KEY EMPLOYEES AND TOP MANAGEMENT, SALARIES ARE DETERMINED BY THE HEAD OF SCHOOL. WHEN DETERMINING SALARIES, THE HEAD OF SCHOOL AND CFO REVIEW AND CONSIDER PEER SCHOOL DATA MADE AVAILABLE BY NAIS AND AIMS. THEY ALSO REVIEW THE FORM 990S OF PEER SCHOOLS TO DETERMINE THAT KEY EMPLOYEES RECEIVE COMPARABLE PAY. THE EMPLOYEE SALARY PERCENTAGE INCREASE IS APPROVED BY THE BOARD OF TRUSTEES AND DOCUMENTED IN THE BOARD OF TRUSTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE PARK SCHOOL BALTIMORE'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.COM. THE PARK SCHOOL OF BALTIMORE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON FMV OF INTEREST RATE SWAP CONTRACT -277,532. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARK SCHOOL PARENTS ASSOCIATION INC 2425 OLD COURT ROAD BALTIMORE MD 21208 237280445 COMMUNICATIONS, PARENT EDUCATION, COMMUNITY SUPPORT, SPECIAL PROJECTS MD 501(C)(3) LINE 12D, III-O NONE 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0